CTL Strategies ranked in Chambers Global Guide 2024
CTL Strategies has been ranked in the Chambers Global Guide 2024, published by Chambers and Partners.
The new edition of the Global Guide highlighted CTL for its considerable market respect in tax matters, and demonstrating strength in litigation and corporate services. Among responses received from interviewees, Chamber and Partners quoted that the firm is “able to handle complex matters and provide unbiased legal advice.”
Chambers and Partners is an independent research firm that operates in 200 jurisdictions and is commonly referred to as the “gold standard” in the legal profession. Chambers and Partners publishes rankings and information on the world’s top lawyers and law firms. In-depth interviews with lawyers, in-house counsel for clients, and independent experts were used to compile the rankings.
A Practical Guide to GST on Inbound Tourism Products
The Eighth Amendment to the Goods and Services Tax Act (the “Amendment”) introduces a new GST framework for offshore suppliers of inbound tourism products, including foreign tour operators, online travel agencies and booking platforms.
The new rules, effective from 1 October 2026, introduce mandatory GST registration for qualifying offshore suppliers and a special margin-based mechanism for determining the taxable value of inbound tourism products.
Our Practical Guide to GST on Inbound Tourism Products provides an overview of who the new rules apply to, registration requirements, the applicable GST treatment, principal and agent arrangements, the margin-based valuation mechanism, time of supply and key compliance considerations for affected foreign businesses.
DownloadEighth Amendment to the GST Act Ratified
The Eighth Amendment to the Goods and Services Tax Act (“Amendment”) was ratified and published in the Government Gazette on 31 August 2026.
The Amendment largely retains the framework proposed in the Bill submitted on 15 August 2026 including new GST rules for offshore suppliers of Maldives inbound tourism products, revised place of supply rules, revised definitions of goods and services, and broader tourism sector provisions.
Three notable changes were made to the final Amendment:
Definition of services
Offshore travel agencies and booking services
Power to obtaining information
The Amendment also retains the special margin-based valuation mechanism for offshore suppliers of inbound tourism products, under which GST is imposed on the supplier’s margin rather than the full selling price, with no input tax deduction available.
Collectively, these changes are aimed at advancing the destination principle by seeking to impose GST where the underlying consumption or economic activity takes place in the Maldives, even where the supplier itself has no physical presence in the country.
The provisions relating to inbound tourism products will take effect from 1 October 2026, while consequential amendments to the GST Regulation are to be made within 30 days. Further guidance from MIRA will be important in clarifying the practical registration, reporting and compliance requirements for affected offshore suppliers.
Effective date
The Amendment is effective from 31 August 2026